Wealthon Secures USD12.3M in Debt Financing

Wealthon

Wealthon, a Polish fintech company that provides financial support to SMEs and offers innovative tools for entrepreneurs, secured debt financing of USD12.3M from funds managed by CVI Dom Maklerski.

The funds will be used to scale up the business, develop financial products and expand in the e-commerce sector.

Led by Aleksander Majchrzak, CEO, Wealthon provides the Wealthon Poscash loan, which features a proprietary scoring system that examines the customer’s creditworthiness and issues an automatic decision in a short time. The repayment amount depends on the daily turnover at the payment terminal.

In May this year, the cooperation between Wealthon and IdoSell resulted in the creation of financing dedicated to e-commerce stores.

FinSMEs

12/06/2024